For the past years, online shopping has grown exponentially among Filipinos who now see e-commerce as convenient, more affordable, way of purchasing products.
Shopee, the leading e-commerce platforms in the country, has pursued creative ways of attracting online shoppers and those who have not yet jumped on the bandwagon to try out and enjoy their app. With this goal in mind, Shopee has partnered with trusted and time-tested Radiowealth Finance Corporation (RFC) to make shopping easier on the budget with what they call as, “basket financing”.
“Basket financing” is a personalized financial and on-demand lending service meant to assist customers who need to purchase an item online through installment, “explains RFC Head of Business Development Victor Belgar.
The collaboration between the country’s leading e-commerce platform and one of the country’s pillars in the financing industry will certainly make online shopping easier on the budget. The EASYRFC Shopping Credits will provide qualified Shopee users an option of availing a loan from P 7,000 to a maximum of P60, 000. Shopee users can choose among loan term spreads of 3, 6, 9, and 12 months. Once approved, they will receive their approved vouchers embedded in their Shopee accounts, which they can easily use upon checkout.
“We are pleased to partner with Radiowealth Finance to give Filipinos even more choice and flexibility in payments on Shopee. As the first credit provider to offer shopping basket financing on Shopee, Radiowealth Finance helps Shopee with our mission to make online shopping accessible to all of our users,” says Martin Yu, Associate Director, Shopee Philippines.
RFC Digital & Marketing Communications Manager Ruchell Salas revealed that this is just one among the many innovations on RFC Financing. “We are happy to be partnering with Shopee, because we understand that many of their customers can appreciate being given the option to purchase a need without sacrificing their budget. RFC will continue to build joint ventures with all our valued partners, so more Filipinos can benefit from this initiative.”
Backed by a 55-year legacy as one of the country’s pillars in the financing industry, Radiowealth Finance Corporation (RFC) has continued in its mission of serving the needs of Filipinos by customized financing products and services that empower its customers.
Founded by visionary Domingo Guevara, RFC remains true to its deeply-rooted commitment to develop and offer products and easy processing that cater to relevant market needs and demands, and remains one of the most respected and innovative financing companies in the Philippines.
“Our commitment is to promote inclusion among the majority of Filipinos, as we continue to study, develop and offer financing products and services that are essential to our fellow countrymen. RFC’s expansion in providing financial services in the dynamic e-commerce industry is certainly an important step on addressing the growing number of Filipino netizens,” concludes RFC COO Erwin Chuaunsu.